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Rocket Lab buys Iridium for $8bn in a bet to become a smaller Starlink

June 29, 2026 Emily Chen Clock

Rocket Lab Shifts Focus: From Selling Tools to Owning the Mine

For most of its life, Rocket Lab has been a provider of the essentials for the space economy—small rockets, satellite buses, and components for others' missions. However, the company has now made a significant strategic shift, choosing to acquire Iridium Communications for approximately $8 billion, with a price per share of $54 ([…]).

This story continues at The Next Web.

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